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CM-07-06-111ROUND ROCK, TEXAS PURPOSE. PASSION. PROSPERITY. Mayor Nyle Maxwell Mayor Pro -tem Alan McGraw Councilmembers Rufus Honeycutt Joe Clifford Carlos T. Salinas Scott Rhode Kris Whitfield City Manager James R. Nose. P.E. City Attorney Stephan L. Sheets June 25, 2007 Mr. Chaz Glace Chasco Constructors P.O. Box 1057 Round Rock, TX 78680 Mr. George Christianson CASA Mechanical Services 2401 Kiphen Road Round Rock, TX 78664 RE: Settlement discussions Chaz and George, The purpose of this letter it to set forth the results of our recent discussion regarding a settlement that will result in the City's acquisition of a portion of your property for right of way for proposed improvements to Kiphen Road. I would like to present this proposed settlement to the City Council at its next meeting on Thursday, June 28, 2007. Accordingly, I am prepared to recommend the following settlement terms to the Council provided that you acknowledge the same by your signatures below. • You have reviewed and agreed to plans that the City prepared with respect to access to your two properties; • You have agreed to accept the amounts shown Attachment "A" as total compensation for the right of way needed from your properties; and • The City agrees to include and construct as part of the project two eight inch (8") waterlines to the property as generally shown on Attachment If minor design changes alter the amount of property taken the compensation will be adjusted accordingly by the values in Attachment "A". Upon approval of this settlement offer by the City Council, you will execute documents giving the City right of entry so that begin construction of the project may begin while the final closing of the transaction is pending. C}1'12- ni.oce- l 1 I CITY OF ROUND ROCK ADMINISTRATIVE DEPT., 221 East Main Street • Round Rock, Texas 78664 Phone 512.218.5401 • Fax 512.218.7097 • www.roundrocktexas.gov 07/27/2007 04:58 5122440348 CHASCO If these terms are acceptable to you, please sign below and return an executed copy of this letter to nae. Upon receipt, I will present the settlement terms to the City Council for its review and action. Thank you for your cooperation in resolving this matter. PAGE 02 Attachment "A" Summary of City of Round Rock Proposal for the Northpark Property I. Parcel #2 0.032 ac. (GCLC) Land Value ($1.50/ft) Improvement value TOTAL II. Parcel #3 4.207 ac. (Northpark) Land Value ($1.50/ft) Improvement value TOTAL III. Parcel #4 0.287 ac (ROW) (Park Central) 0.193 ac (Drainage Easement) $2,076.00 2,446.00 $4,522.00 $ 274,886 59,965 $ 334,851 Land Value (ROW)($1.60/fl) $ 19,971 Drainage Easement ($1.60 X 95%) 12,768 Improvement value 7,018 TOTAL $ 39,757 24" waterline Existing